And Just What Is Muhibbah's ED Thinking?

Saw this news clip:

• Muhibbah director sells shares
  
  Published: 2011/06/22
  
  MUHIBBAH Engineering (M) Bhd executive director Lee Poh Kwee disposed of some half a million shares in the company for RM1.82 on June 16.

Interesting cos I could not find the link to this disposal on Bursa website..


Anyway, assuming the news is correct, the timing of this disposal could not have been much worst.

Consider the facts: Singapore Business Times published the article on 15th June 2011. CIMB puts Asia Petroleum Hub under receivership

The next day, 16 June: And Muhibbah Comes Crashing Down

And Muhibbah's ED chose to dispose half a million shares for rm1.82 on the same day?

How?

What's the company trying to tell the market eh?

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Edit:


Found the Bursa announcement: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD